Question
You have purchased a bond 30 months ago with par=$1000, semi-annual coupons of 90 (=PMT) and YTM of 9%. If you sell the bond today,
You have purchased a bond 30 months ago with par=$1000, semi-annual coupons of 90 (=PMT) and YTM of 9%. If you sell the bond today, what is the value of coupons you have received while holding the bond (i.e.FVcoupons) today, given a coupon reinvestment rate of 2% over the past 30 months?
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New Issues In Financial Institutions Management
Authors: F Fiordelisi, P Molyneux, D Previati
2010th Edition
0230278108, 978-0230278103
